Industry News

Royal Bank of Canada have announced that more than 2,000 people are participating in the eighth annual RBC Race for the Kids in Manhattan. The event- held downtown at Brookfield Place Waterfront for the second consecutive year- is a family day of athletic challenge that includes a 4 K run, a physical fitness challenge, children's races, and a cycling tour. Led by RBC, this year's Race raised more than $2 million for Youth INC and seven other*..."/>
RBC And Youth INC Partner To Bring RBC Race For The Kids To Lower Manhattan
Moody's says these moves follow prior deposit injections of approximately SR12 billion since the start of the year and are credit positive for..."/>
SAMA's deposit injection to benefit Saudi banks: Moody's [Arab News, Jeddah, Saudi Arabia]
Rupee closes up 0.37% against US dollar [Mint, New Delhi]
Kotak Mahindra Bank Ltd on Friday said it will acquire a 99.49% stake in BSS Microfinance Pvt. According to a notification to the stock exchanges, the private sector bank plans to complete the all-cash deal within 3-4 months, subject to regulatory clearances. The microfinance company had a net worth of Rs72.9 crore as on 30 June, while its total turnover was at Rs49.5 crore for the year to March."/>
Kotak Mahindra Bank to buy BSS Microfinance for Rs139 crore [Mint, New Delhi]
Chicago aldermen take aim at Wells Fargo [Chicago Tribune]
Opus Bank has been named the official bank of the Pac-12 and a sponsor for Pac-12 Networks. "We are extremely pleased to partner with Opus Bank and look forward to a great relationship," said Neil Davis, Pac-12 Networks executive vice president of Integrated Marketing and sales, said in a statement. As part of the multi-year sponsorships, Opus will manage the Pac-12's financial and depository needs."/>
BRIEF: Opus Bank named Pac-12 sponsor [The Orange County Register]
Chicago Tribune Robert Reed column [Chicago Tribune]

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